DBS Share Price and Stock Investing Info | Focus on Singapore Stock Market Today
What is DBS?
DBS is a Singapore-based banking and financial services company that has its operations in multiple countries. It is one of the biggest banks in the Asian region in terms of revenue and market capitalization.
DBS history and operations
DBS was founded in 1968 courtesy of the demands of Singapore’s burgeoning industries at the time. It was born out of the necessity of funding those industries and encouraging new ones, and back then, it was known as Development Bank of Singapore Limited. It changed to the short form in 2003 as a rebranding to match its global status.
The multinational bank had many firsts in the banking industry, such as launching the first interest-earning current accounts when checking accounts in the country did not earn interest. It was among the first banks globally to recognize the potential of internet banking and one of the first company to launch a REIT in the city-state.
DBS has significantly expanded its operations over the years. The bank is currently available in 18 markets, including 6 major Asian markets; India, Taiwan, Indonesia, China, Hong Kong, and Singapore. The company’s key growth regions are South Asia, Southeast Asia, and Greater China. Some of DBS’s more recent achievements include launching the largest banking API platform globally in 2017, recognition as the best bank for SMEs, and the best digital bank in the world in 2018 and 2019. (Source: Dbs)
The bank has a strong governance framework that is focused on accountability, transparency, and fairness. The leadership team consists of highly experienced individuals whose roles are critical for the company’s continued success. Here is a list of the company’s executive team. (Source: Dbs)
- Piyush Gupta- Chief Executive Officer
- Eng-Kwok Seat Moey- head of capital markets.
- Chng Sok Hui- Chief Financial Officer
- Derrick Goh- head of auditing
- Neil Ge- Head of DBS China.
- Philip Fernandez- Corporate Treasury
- Lee Yang Hong- Head of Human Resources
- Lam Chee Kin- Legal Compliance Secretariat
- Han Kwee Juan- head of strategy and planning
- Andrew Ng- head of treasury and markets
- Sim S Lim- head of consumer banking and wealth management.
- Lim Him Chuan- Head of DBS Taiwan
- Sebastian Paredes- Head of DBS Hong Kong
- Karen Ngui- head of communications and strategic marketing.
- Jimmy Ng- Head of technology and operations.
- Paulus Sutisna- Head of DBS Indonesia.
- Surojit Shome- CEO and managing director of DSB India.
- Shee Tse Koon- Group executive for DBS Singapore
- Tan Teck Long- Chief Risk Officer
- Tan Su Shan- Group Executive for Institutional Banking
DBS share price and performance
DBS share price closed its latest trading session at 27.69 SGD with a market capitalization of 70.511 billion SGD. The stock’s current 52-week low is 16.65 SGD, and its 52-week high is 8.09 SGD. The stock experienced a solid bull run in the last 30 days, giving the nod to its year-to-date performance. It had a strong bounce back after the sharp drop in March 2020, which saw the price fall from North of 26 SGD to as low as 17.92 SGD courtesy of the coronavirus pandemic.
Despite the sharp COVID-19 induced downturn in 2020, DBS share price saw a strong recovery, especially in November 2020. The stock price recovered to pre-COVID levels early in 2021 and seems to be maintaining strong momentum. There are some concerns that another coronavirus wave and other negative factors affecting the industry could erase some of the industry’s gains during the recovery period. Other than that, DBS remains focused on growth.
DBS dividend policy
DBS has maintained a strong dividend policy since 2001, with the first recorded dividend at 12 cents per share. The dividend payout soared to 17 cents per share by 2007 but dropped slightly to 14 cents in 2009, likely due to the financial crisis. However, it was already in recovery mode by 2010, with the payout ranging at 28 cents per share.
The company’s dividends peaked at 60 cents per share in 2018 for the half-year dividend. The bank paid out a quarterly dividend of 30 cents per share in Q1, Q2, and Q3, while its Q4 2019 and Q1 2020 dividend was 33 cents per share. The Q2 and Q3 dividend payouts in 2020 were notably lower at 18 cents per share, likely due to the pandemic’s economic impact. However, DBS still managed to pay dividends to its shareholders despite the challenges that occurred during the period, indicating its strong position. (Source: Dbs)
The heavy focus on sustainability
DBS, like many other companies, acknowledges that sustainability should be an important part of its operations. The company has approached sustainability from different angles, including aligning itself with the push towards a positive social impact. Its sustainability agenda cuts across important areas such as providing products and services suitable for customers, proper data governance, financial inclusion, cybersecurity, and fair dealing.
The world is aggressively pushing towards more sustainable living, and DBS is aligning itself with that push. It intends to ramp up its support to businesses, academics, and students focused on implementing sustainability measures. The banking institution is heavily supportive of social entrepreneurship, which targets societal improvements. DBS plans to steer its business model towards green finance opportunities as part of the sustainability agenda.
Recognizing the need for change in the banking industry to foster sustainability highlights the company’s pioneering approach and rapid ability to adapt. DBS remains committed to delivering banking services to its customers with as much flexibility as possible, thus focusing on online and digital banking solutions. The bank expressed its commitment to helping its clients move forward after the pandemic. It also anticipates strong growth from its venture into the capital markets through DBS digital exchange. DBS remains optimistic about the future and its ability to continue generating value for investors thanks to its strategic focus and vast banking industry experience.